FirstrandFANDF 84 Net Margin % is 30.32% as of Dec. 2025, which is 4% above its 10-year median of 29.23. GuruFocus rates FANDF with a GF Score™ of 84/100 and a GF Value™ of $5.03 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,527 Banks companies, Firstrand ranks better than 58.87% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Firstrand's Net Income for the
six
months ended in Dec. 2025 was $1,428 Mil. Firstrand's Revenue for the
six
months ended in Dec. 2025 was $4,710 Mil. Therefore, Firstrand's net margin for the quarter that ended in Dec. 2025 was 30.32%.
The historical rank and industry rank for Firstrand's Net Margin % or its related term are showing as below:
FANDF'
s Net Margin % Range Over the Past 10 Years
Min: 17.44 Med: 29.23 Max: 29.7
Current: 29.39
FANDF's Net Margin % is ranked better than 58.87% of 1527
companies
in the Banks industry
Industry Median: 26.95
vs FANDF: 29.39
Firstrand (OTCPK:FANDF) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Firstrand Net Margin % Related Terms
Firstrand Net Margin % Historical Data
* Premium members only.
The historical data trend for Firstrand's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Banks - Diversified subindustry, Firstrand's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Firstrand Net Margin % vs Banks Industry
For the Banks industry and Financial Services sector, Firstrand's Net Margin % distribution charts can be found below:
* The bar in red indicates where Firstrand's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Firstrand (FANDF) has a Net Margin % of 30.32% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Firstrand and its competitors. This is near median its historical median of 29.23. Over the past decade, Firstrand's Net Margin % has ranged from 17.44 to 29.70. According to the industry distribution chart, Firstrand ranks #628 out of 1527 companies in the Banks industry, placing it in the top 41.1%.
Is Firstrand's Net Margin % too high?
Firstrand's current Net Margin % of 30.32% is near median its 10-year median of 29.23. Over the past 10 years, this metric has ranged from a low of 17.44 to a high of 29.70. The Banks industry median Net Margin % is 26.95. Firstrand's value of 30.32% is 12.5% above this industry median. Based on the distribution chart, Firstrand ranks #628 out of 1527 companies in the Banks industry, which is above the industry midpoint. Overall, Firstrand has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Firstrand's Net Margin % compare to JPM and BAC?
According to the Banks industry distribution chart, Firstrand ranks #628 out of 1527 companies for Net Margin %. This puts Firstrand in the upper half of its industry. The industry median Net Margin % is 26.95. Firstrand's value of 30.32% is 12.5% above this benchmark. Historically, Firstrand's own Net Margin % has ranged from 17.44 to 29.70 over the past decade. While the company's 10-year median is 29.23 vs. the industry median of 26.95, Firstrand has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Banks company?
The median Net Margin % among Banks companies is 26.95, based on 1,527 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Firstrand's current Net Margin % of 30.32% is 12.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Firstrand and its competitors. For the Banks industry, the median Net Margin % is 26.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Firstrand's current Net Margin % is 30.32%, which is near median its own 10-year median of 29.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Firstrand stock overvalued right now?
Based on GuruFocus' analysis, Firstrand (FANDF) is currently considered Modestly Overvalued. The stock's GF Value™ is $5.03, compared to a current price of $5.60 — trading 11.3% above its estimated fair value. The current Net Margin % is 30.32%, which is near median its 10-year median of 29.23 and 12.5% above the Banks industry median of 26.95. Firstrand's overall GF Score™ is 84/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Firstrand (FANDF), the current Net Margin % is 30.32% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Firstrand (FANDF) Overvalued in 2026?
Based on GuruFocus' analysis, Firstrand stock appears to be overvalued.
The current stock price of $5.60 is trading 11.3% above its estimated GF Value™ of $5.03.
GuruFocus considers Firstrand to be Modestly Overvalued.
Key valuation signals for FANDF:
Net Margin %: 30.32% (near median its 10-year median of 29.23)
GF Value™: $5.03 vs. price of $5.60 (11.3% above fair value)
Industry Position: 12.5% above the Banks median (#628 of 1527)
No single metric tells the full story. See the FANDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Firstrand Ltd wholly owns FirstRand Bank, a full-service bank providing a comprehensive range of retail, commercial, corporate and investment banking services in South Africa and offers niche products. The bank has three divisions, which are separately branded: First National Bank (FNB), WesBank and Rand Merchant Bank (RMB). The firm's reportable segment includes Retail and commercial segment, Corporate and institutional segment, Centre (including group treasury), Firstrand Bank Normalised, and Normalised adjustments.
84GF Score
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